September 17, 2018 | BY Ahron Golding
Roth&Co Tax Attorney Ahron Golding, discusses the importance of using an effective method of accounting, and the problem with using the “Ostrich Method,” which involves burying your head in the sand and hoping the IRS will go away.
accounting method - IRS - tax
September 06, 2018 | BY admin
To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for individuals is September 17.
If you don’t have an employer withholding tax from your pay, you likely need to make estimated tax payments. But even if you do have withholding, you might need to pay estimated tax. It can be necessary if you have more than a nominal amount of income from sources such as self-employment, interest, dividends, alimony, rent, prizes, awards or the sales of assets. (more…)
income tax - IRS - tax
September 05, 2018 | BY Spencer Diamond
When the word “tax shelter” comes to mind, many of us think of a locale such as the Cayman Islands, Switzerland, or Apple’s own Ireland. While many of those countries do offer enticing tax benefits, a recent piece of legislation has clandestinely spurred one of the most significant tax incentives in modern history, with no international accountant required. (more…)
real estate - tax - tax shelter
August 22, 2018 | BY admin
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible – and, with the new 21% flat income tax rate that now applies to C corporations, S corps may not be quite as attractive as they once were. (more…)
s corp - small business - tax
August 21, 2018 | BY admin
The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed into law last December and the possible “Tax Reform 2.0” that Congress might pass this fall. But for certain individual taxpayers, what happens with “extenders” legislation is also important. (more…)
tax - tax reform